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Gloucester 01930
9 Beachmont
$292,500
● Land - Off Market

9 Beachmont

Gloucester, MA 01930
bedrooms
Studio
bathrooms
0 Bath
$476,801
RealtyHop Estimate
59.47%
Since Sep 1, 2017
National-US
Primary Model

About This Property

Stunning views of Gloucester Harbor and beyond! Lot is perfectly appointed on a dead end street and just a stone's throw to Stage Fort Park and Stacy Boulevard. Believed to revert back to R10 zoning at conveyance. This is a rare opportunity to build the home of your dreams with a water view at a reasonable price. In close proximity to The Boulevard, the bustling downtown area, commuter rail and 128. Take advantage of  woods and water....Just a stone's throw to swimmable Half Moon & Cressy's Beach and only a minute up to the hidden entrance of Raven's Wood Park across the street- where else can one have such easy access to Gloucester's best? Buyer to do own due diligence for permitting and ZBA approval.
Unit Size
-
Days on Market
-
Land Size
0.40 acres
Price per sqft
-
Property Type
Land
Property Taxes
$220
HOA Dues
-
Year Built
2021

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (MLSPIN #72138919)

Price History

Date / Event Date Event Price
Mar 4, 2021 Sold
Premium
Sold
Aug 24, 2017 Sold
Premium
Sold
Mar 31, 2017 Listed by Coldwell Banker Residential Brokerage - Gloucester $299,000
Listed by Coldwell Banker Residential Brokerage - Gloucester

Property Highlights

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Building Count: 1
  • Bedroom Count: 6
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 31
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,620
  • Total Building Area: 4,632
  • Gross Building Area: 8,832
  • Building Area: 4,632
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,632
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000404
  • Standard Land Use Code: 1101
  • County Land Use Code: 104

Neighborhood

  • School District Name: Gloucester School District
  • School Tax School District: GLOUCESTER SD
  • Census Tract: 221901

Zoning

  • Zoning: R-20

Geography

  • Parcel: GLOU M:0216 B:0092 L:0000
  • Block: 92
  • Municipality: GLOUCESTER
  • Latitude: 42.6047
  • Longitude: -70.6806

    Address

  • Full Address: 9 Beachmont Ave
  • Address - House Number: 9
  • Address - Street Name: Beachmont
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Gloucester
  • Carrier Code: C030
  • 4-Digit Zip Code: 4017
  • Zip Code: 01930

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,151,600

    Appraisal Valuation

  • Standard Deviation: 0.1254
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 86
  • Final Value: 1,041,081
  • High Value: 1,171,661
  • Low Value: 910,502

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,183,600
  • Assessed Land Value: $384,600
  • Assessed Improvements Value: $799,000

    Sales

  • Current Sale Contract Date: Feb 03, 2021
  • Current Sale Recording Date: Mar 04, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210304001380
  • Previous Sale Recording Date: Aug 24, 2017
  • Previous Sale Amount: $292,500
  • Previous Sale Document Type: O
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Gloucester

Stats & Trends

Median Asking:

$699,900

Sale Price/ft²

$443

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1928 ft²

Average Home Age

77.9 years

Currently For Sale

90 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72138919

Frequently Asked Questions

When was property at 9 Beachmont Avenue built and last sold?
The property at 9 Beachmont Avenue was built in 2021 and last sold on Feb 3, 2021 for $425,000.
How much is this home worth?
The estimated value of the home located at 9 Beachmont Avenue is $301,990.
What are some comparable homes to 9 Beachmont Avenue?
There are currently no comparable homes to 9 Beachmont Avenue.
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